Weekly Nov 3rd Week 2021

 

Markets gave nice movement last week, the price movement was perfectly tuned with the TimeMap of the markets, while Friday move was expected, but the aggression was definitely a surprise. On Monday, Flat to slight higher opening would be a very good sign for the markets. Negative opening would send a major signal that underline sentiment is bearish and investors are scared at the current levels.

The IPO madness is reaching to the point of Craziness, which cannot be logically explained. Our markets are close to the levels, which was termed & warned by Fed Chair Alan Greenspan about the markets, their irrational exuberance on December 5, 1996. Then happened the October 1997 crash.

We would not be surprised to see while there would be success stories but then there would be far higher number of failures and erosion of wealth.

 

Technically, as we have given the prvious week, and there is not change in the view, a minor rise would attract selling and profit booking.

 

Moving the our TimeMap – October 23^rd, to November 6^th Markets gave a nice dip, while it was not satisfactory, but even in the current euphoric we got opportunities to invest in many high momentum stocks, which gave a nice corrective movement.

We had covered some part in the last week.

We believe the Friday movement was a nice pull back and little more cannot be ruled out, we would recommend to reduce levelraged exposure and wait or opportunies.

As a stock investor obviously there would be many good quality buys, but one has to be really clear and firm with view.

What is clear from the weekly perspective is that Monday and Tuesday in the coming week are fairly positive days, and fund flows would keep the sentiment in the markets very positive, on the other hand the Wednesday and Thursday are looking bearish, and could give big negative surprise, esepcailly the technology or CNX IT is looking really bad. Overall while things are positive, yet there seems over ambitious projections and expectations, and time has its own way of discounting price, and it does unbiased.

Banks and NBFC or financial stocks showing positive impact, and even if the markets fall, the impact would be less, and wont be surprise to see the sector in positive territory.

Planet aspect of the week – SUN 90 JUPITER, on 16^th Morning Tuesday is positive.

on 17^th early morning SUN 60 PLUTO – is giving big negative day, in the current week 17^th and 19^th looking overall very bad or negative days.

Selling on rise and reducing leveraged or speculative positions is highly recommended.